Ryder System (NYSE:R) Price Target Raised to $155.00

Ryder System (NYSE:R) had its price target upped by stock analysts at Robert W. Baird from $140.00 to $155.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price would indicate a potential upside of 17.42% from the company’s previous close.

R has been the topic of a number of other reports. Morgan Stanley assumed coverage on Ryder System in a research report on Monday, June 24th. They set an “overweight” rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. The Goldman Sachs Group raised their price target on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $145.00 in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Ryder System Trading Up 1.6 %

NYSE:R opened at $132.00 on Friday. The stock’s 50-day moving average is $123.69 and its two-hundred day moving average is $118.77. The stock has a market cap of $5.79 billion, a PE ratio of 17.19 and a beta of 1.29. Ryder System has a fifty-two week low of $91.31 and a fifty-two week high of $136.41. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.82.

Ryder System (NYSE:R) last posted its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.12. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company earned $3.61 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Ryder System will post 12.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Sanford J. Hodes sold 3,360 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the sale, the senior vice president now owns 24,119 shares in the company, valued at approximately $3,029,105.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider John S. Sensing sold 11,920 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $126.12, for a total value of $1,503,350.40. Following the transaction, the insider now owns 55,375 shares of the company’s stock, valued at $6,983,895. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sanford J. Hodes sold 3,360 shares of Ryder System stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.59, for a total value of $421,982.40. Following the sale, the senior vice president now directly owns 24,119 shares of the company’s stock, valued at $3,029,105.21. The disclosure for this sale can be found here. Insiders have sold a total of 84,129 shares of company stock valued at $10,598,226 over the last 90 days. 5.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bailard Inc. bought a new position in Ryder System during the second quarter worth about $933,000. SummerHaven Investment Management LLC raised its position in shares of Ryder System by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 8,739 shares of the transportation company’s stock valued at $1,083,000 after buying an additional 126 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Ryder System in the second quarter valued at approximately $333,000. Fifth Third Wealth Advisors LLC acquired a new stake in Ryder System during the second quarter worth approximately $187,000. Finally, Fifth Third Bancorp increased its stake in Ryder System by 3.6% during the 2nd quarter. Fifth Third Bancorp now owns 24,554 shares of the transportation company’s stock worth $3,042,000 after acquiring an additional 845 shares during the period. Institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.